Solo Bitcoin Miners oppose the odds as the rewards continue to come

Solo miners destroy the odds, successfully claiming the full reward of the Bitcoin block even the network hashrate hovers close to all times.

Like this writing, the bitcoin (Btc) The network hashrate walks around 902 exahashes per second (eh/s), just below all time peak, According to at blockchain.com. The figure shows growing competition and increased difficulty, suggesting that single miners face steep odds to win a block.

However, last week, a solo miner disobeyed these odds, Blocking 907,283 Block With the solo CK pool and earn a full 3.125 BTC reward, which costs more than $ 372,000 at that time. The miner also received an additional $ 3,436 on transaction fees.

That win is not an isolated event. Earlier in July, another miner with only 2.3 Petahashes of Power claims a full block rewardWhile similar wins was recorded in June, March and Back in February.

“We see solo miners who won blocks not because of luck, but because they run strong, great hardware,” Samuel Li, chief Asickey’s technology chief, said in cointelegraph. He added that modern miners have been developed to deliver the “serious hashrate” without the massive strength of the drawing of traditional settings.

Related: Solo Bitcoin Miner earned $ 373,000 block reward

Focusing efficiency

For solo miners, efficiency is all, Li said. “Get our Keyminer A1 -just gets 650 watts but delivers 1,100 th/s to Bitcoin, with monthly income around $ 1,200. For varying in altcoins, it can earn up to $ 3,800 per month mining,” he said.

Keyminer A1 is part of the Asickey’s hardware line introduced in November, which also includes Keyminer X and Keyminer Pro.

According to the company, Keyminer X delivers 2,300 tehash per second (TH/s) to 1,300 watts, while the PRO model offers up to 5,800 th/s to 2,800 watts. Under current market conditions, the company estimates the monthly return of up to $ 6,300 for the PRO.

However, despite improvements in the efficiency of the Integrated Integrated Circuit (ASIC), the “major odds (of solo miners who win) have not changed much,” Li said.

“Solo mining is still almost a lottery, unless you control the ten -ten -ten pH/s, realistic the bare minimum for having a measurable statistical shot at success within a reasonable time,” he added.

Li explained that in today’s hashrate of the Bitcoin Network, a miner with a petahash (ph/s) of the hashpower has about 1 to 650,000 chance to resolve a block every 10 minutes. A PETA hash (pH/s) equals 1,000 terra hashes (th/s).

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Why do miners go to work?

Li confirmed that there was a “moderate resurrection” of interest in solo mining, but for various reasons. “Some miners choose it not for the predictable income, but for the possibility of a huge reward – 6.25 BTC along with fees – which can be changed to win,” he said.

While financial incentives play a key role, some are driven by ideological motives, appreciation of network decentralization and the ability to work independently of centralized mining pools.

According to Data From the hashrate index, the US-based mining pool Foundry USA continues to dominate Bitcoin mining, regulating 29.3% of the total hashrate. Antpool follows with 16.2%, while Viabtc and F2Pool hold 12.0% and 11.6% respectively.

If a single pool (or some pool acting) controls more than 50% of the hashrate, they can theoretical Launch a 51% attackthat will allow them to double-spend coins. While rare and expensive, the event will remove the network’s trust.